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HDFC Life Sampoorn Nivesh

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HDFC Life Sampoorn Nivesh Review

HDFC Life Sampoorn Nivesh is a unit-linked insurance plan (ULIP) where the returns are linked to the market performance. The plan offers 3 benefit options to choose from and reduced premium allocation charge on investing higher premium amount.


Key Features of HDFC Life Sampoorn Nivesh

  • Flexibility to choose your investment term from 10 to 25 years
  • Choice of 3 Benefit Options to suit your financial requirements
  • Option of accidental death benefit through Extra Life Option
  • Loyalty additions to enhance your Fund Value after 10 years
  • Reduced premium allocation charge on investing higher premium amount


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Benefit Options of HDFC Life Sampoorn Nivesh

HDFC Life Sampoorn Nivesh provides 3 Benefit Options to choose from based on your requirement:
  1. Classic
  2. Classic Plus
  3. Classic Waiver

Death Benefit
In case of the Life Assured’s unfortunate demise during the policy term, we will pay a lump sum amount to the nominee as mentioned below:
1. Death Benefit under Classic Option will be highest of:
- Sum Assured,
- Fund Value,
- 105% of the premium(s) paid

2. Death Benefit under Classic Plus Option will be higher of:
- Sum Assured + Fund Value,
- 105% of the premium(s) paid

3. Death Benefit under Classic Waiver Option will be higher of:
- Sum Assured,
- 105% of the premium(s) paid

Plus
Modal premium will be payable by HDFC Life to the Fund on Premium Due Date and the policy will be in force. 

Plus 
Fund Value will be payable on Maturity

Accidental Death Benefit
This benefit is only available under Classic Benefit Extra Life Option. In case of death due to accident during the term of the policy, an Additional Benefit equal to Sum Assured is payable in addition to the Death Benefit payable under Death Benefit options mentioned above.

Maturity Benefit
On survival till the end of policy term, you will receive your Fund Value as Maturity Benefit

Loyalty Additions
Guaranteed Loyalty Additions from 10th policy year
Reduced Allocation Charge
Reduced Premium Allocation Charge by investing higher premium

Tax Benefit
Tax Benefit available for premiums paid as per Section 80C and benefit amount received as per Section 10(10D) of Income Tax Act, 1961


Eligibility and other Conditions of HDFC Life Sampoorn Nivesh

Parameters Minimum Maximum
Premiums Single: Rs. 24,000
Annual: Rs. 24,000
Half-yearly: Rs 12,000
Quarterly: Rs 6,000
Monthly: Rs 2,000
No Limit
Policy Term 10, 15, 16, 17, 18, 19 and 20 years
Premium Payment Term Single : One-time payment
Limited : 5, 7 and 10 years
Regular: 10, 15 to 25 years
 
Classic (Life) Option
  Minimum Maximum (5 Pay) Maximum (Other than 5 Pay)
Age at Entry 18 years 53 years 58 years
Age at Maturity 28 years 63 years 68 years
 
Classic (Extra Life) Option
  Minimum Maximum (5 Pay) Maximum (Other than 5 Pay)
Age at Entry 18 years 53 years 58 years
Age at Maturity 28 years 63 years 68 years
 
Classic Plus Option
  Minimum Maximum (5 Pay) Maximum (Other than 5 Pay)
Age at Entry 0 years (30 days) 48 years 50 years
Age at Maturity 18 years 58 years 60 years
 
Classic Waiver Option
  Minimum Maximum (5 Pay) Maximum (Other than 5 Pay)
Age at Entry 18 years 47 years 50 years
Age at Maturity 28 years 57 years 60 years


Fund Options of HDFC Life Sampoorn Nivesh

HDFC Life Sampoorn Nivesh Fund Options

Surrender

If you surrender before completion of the 5 years from commencement of the policy
Your fund value less discontinued charges will be moved to the 'Discontinued Policy Fund. The fund value corresponding to the 'Discontinued Policy Fund' will be paid out on the completion of the lock-in period.
If you surrender after completion of the 5 years from commencement of the policy
Your fund value will be paid out.
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